A count of the inventories on hand May 31 shows the following:Materials inventor

A count of the inventories on hand May 31 shows the following:Materials inventory . . . . . . . . . . . . . . . . . . . . . $86000Work-in-process inventory . . . . . . . . . . . . . . . ?Finished goods inventory . . . . . . . . . . . . . . . . 75000The accounts payable clerk tells you that outstanding bills to suppliers totaled $100200 and that cash payments of $75800 were made to them during the month. She informs you that the payroll costs last month for the manufacturing section included $164800 of which $29400 was indirect labor.At the end of May the following balances were available from the main office:Manufacturing Overhead through May 31 . . . $434000Cost of Goods Sold through May 31. . . . . . . . 793200Recall that each month there is only one requisition for indirect materials. Among the fragments of paper you located the following information which you have neatly typed for your records:From scrap found under desk: indirect materials ? $4172You also learn that the overhead during the month was overapplied by $2400.RequiredDetermine the cost of the work-in-process inventory lost in the disaster.